<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE U.S.
BANCORP JUNE 30, 1996, 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                       4,171,000
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                             1,179,000
<TRADING-ASSETS>                               228,000
<INVESTMENTS-HELD-FOR-SALE>                  7,026,000
<INVESTMENTS-CARRYING>                         854,000
<INVESTMENTS-MARKET>                           860,000
<LOANS>                                     51,286,000
<ALLOWANCE>                                    984,200
<TOTAL-ASSETS>                              68,973,000
<DEPOSITS>                                  48,487,000
<SHORT-TERM>                                 7,391,000
<LIABILITIES-OTHER>                          1,552,000
<LONG-TERM>                                  4,877,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    239,000
<COMMON>                                       324,000
<OTHER-SE>                                   5,515,000
<TOTAL-LIABILITIES-AND-EQUITY>              68,973,000
<INTEREST-LOAN>                              2,221,000
<INTEREST-INVEST>                              250,400
<INTEREST-OTHER>                                45,400
<INTEREST-TOTAL>                             2,516,800
<INTEREST-DEPOSIT>                             715,100
<INTEREST-EXPENSE>                           1,062,300
<INTEREST-INCOME-NET>                        1,454,500
<LOAN-LOSSES>                                  122,600
<SECURITIES-GAINS>                              19,400
<EXPENSE-OTHER>                              1,308,900
<INCOME-PRETAX>                              1,084,200
<INCOME-PRE-EXTRAORDINARY>                     670,900
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   670,900
<EPS-PRIMARY>                                     2.64
<EPS-DILUTED>                                     2.59
<YIELD-ACTUAL>                                    5.01
<LOANS-NON>                                    231,300
<LOANS-PAST>                                    76,600
<LOANS-TROUBLED>                                 5,400
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               908,000
<CHARGE-OFFS>                                  194,200
<RECOVERIES>                                    73,800
<ALLOWANCE-CLOSE>                              984,200
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0